The EU institutions explained by their Presidents

A view from the inside: the Presidents of the main European Union institutions share their views on how the EU actually works. Who does what? What’s specific to each institution? What is the role of President? How do they see Europe’s future?

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As a continent, the economy of Europe is currently the largest on Earth and it is the richest region as measured by assets under management with over $32.7 trillion compared to North America’s $27.1 trillion in 2008.

Had a gross state product (GSP) of $1.207 trillion, the second highest in the U.S. Its GSP is comparable to the GDP of India or Canada, which are the world’s 12th- and 11th-largest economies, respectively.